Car dealer Lookers, number four in the AM100, has reported the seventh successive year of profit improvement in the six months to June 30, 2015.
Car owners that have kept their vehicle for over 10 years are coming back to the new car market due to strong PCP deals, according to Glass’s.
In the face of changing manufacturer and customer preferences, a question emerges – could the car dealership be at risk of growing a little out of touch?
Smarter remarketing strategies will be needed by manufacturers and major vendors if they are to be successful in the used car market during 2016.
Mazda UK is offering a selection of finance offers that run to the end of September 2015 on the newly launched MX-5.
The growing success of its used car operation has contributed a significant amount to the boost in turnover and profitability of car dealer Arnold Clark Automobiles.
PCPs dominate Hyundai new car retail finance offers to July.
Number of nearly new cars in the retail market has nearly doubled in the last six months, indicating that manufacturers are pre-registering increasing numbers.
The automotive retail sector is sufficiently dynamic and innovative to adapt to a predicted weakening in market conditions that have led to PCP growth in the market.
As used car finance grows in importance, independent dealers face greater demands to comply with the credit watchdog.
